Quote:
Originally Posted by thommy
well than this is the best solution for your problem because if all jobs go to china the west does not have money to import and they can not buy from there anymore.
sounds like YOUR logic, right ?
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Now you are starting to get it.
Not all the jobs, just enough to ensure the rich keep getting richer. Of course, you have ignored the Third World trading amongst itself. Look at the chart I gave you of nations growing their GDP, these are the new markets. Where do you see Western Economies?
Wealth is measured in currencies, not items sold. Which is why previous times had very wealthy people and very poor people who couldn't afford to buy anything.
Look back to the wealth difference in pre 20th century times. The concept of a large rich middle class is a very new phenomenon.
Yes, I moved from the UK to Czech, so can see it was more than the hourly rate of workers that left the UK. My entire turnover including jobs, taxes and all the services and goods I paid for left the UK. This is why India has a GDP growth rate of 6.80 and China 6.70. While Germany, the UK, US, lags behind at 1.8 or less. Which isn't enough to cope with the cost of living or the extra spending that results in companies moving production. GDP is based on the Gross Domestic Product, not just workers wages.
You still haven't answered my point about the worker in the West that was on Western wages and contributing taxes, is now unemployed living on benefits and not contributing.
Are you relying on the morals of businessmen to keep jobs in the West for the majority of people? If so when do you think they will stop moving businesses to the Third World?